Invest In EU News

The study found that one in every four men and almost one in every three women aged between 25 and 34 obtained a high level of education.

79.9 per cent of young Maltese people aged 15 to 34 would not consider changing their place of residence to another country both within and outside the European Union for employment reasons, according to a new study conducted by the National Statistics Office (NSO).

In the next few years, provided that political stability is maintained, the country will enter a phase of dynamic development which may result in major technological advancements, pay pressure and social changes, the Minister heading the Prime Minister’s Office stated on Monday in Hódmezővásárhely.

The European Commission has concluded that the financial compensation granted by the UK to Post Office Limited (POL) is in line with EU State aid rules. The support relates to the operation of a network of post offices across the UK that is larger than what POL would have chosen to operate purely for commercial reasons. In January 2018, the UK notified to the Commission its intention to grant partial compensation of around £370 million (about €418 million) to POL for delivering services of general economic interest (SGEIs) during the next funding period.

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a newly created full function joint venture by Repsol and KIA, both of Spain. The joint venture will carry out a car-sharing business in Madrid. Repsol is a publicly listed integrated energy company headquartered in Madrid. KIA is a wholly-owned subsidiary of Kia Motors Company, the holding for the Kia Group, and is ultimately controlled by Hyundai Motor Company. It operates as a cars distributor in Spain.

According to the amendment in the MFSA law, which still needs to be approved by Parliament, the new CEO must be selected by the independent board of governors of the financial regulator.

Joseph Cuschieri, the head of the Malta Gaming Authority (MGA) has been selected by the Office of the Prime Minster to serve as the new CEO of the Malta Financial Services Authority (MFSA). The news was first broken by the Sunday Times of Malta.

The European Commission has opened an in-depth investigation to assess the proposed merger between Praxair and Linde under the EU Merger Regulation. The Commission is concerned that the merger may reduce competition in the supply of several crucial gases, like oxygen and helium.

The recommended changes follow an “independent, international analysis” of Malta’s legal, fiscal and regulatory structures over the last few months.

Government is taking action to protect the financial services sector and Malta’s reputation as a serious and competitive jurisdiction by implementing a number of changes, Finance Minister Edward Scicluna said today.

The European Commission today launched a compliance check to assess whether VAT refunds to business in EU Member States are in line with current EU law and case law of the European Court of Justice. A lack of access to a simple and fast VAT refund procedure can have a major impact on cash flows and on the competitiveness of businesses. This is especially true for the smallest companies who cannot afford to go through long and burdensome procedures to get the VAT they are owed back from the State.

Joseph Cuschieri, executive chairman of the MGA, has also stated that he is keen to “start a collaboration” with the Italian Anti-Mafia Commission.

The Malta Gaming Authority (MGA) has set up a new Anti-Money Laundering Unit within the Authority’s operational and regulatory structures.

This new unit, which is now fully operational, will be conducting AML/CFT supervisory assessments through on-site and off-site inspections and will report any findings to the Financial Intelligence Analysis Unit (FIAU).

The date and method of the publication of the OLAF (European Anti-Fraud Office) report on the case of Elios Innovatív Zrt. are part of a political campaign, the Minister heading the Prime Minister’s Office said on Monday in Hódmezővásárhely.

Ahead of the Informal Leaders' meeting on 23 February 2018, the European Commission is today setting out various options – and their financial consequences – for a new and modern, long-term EU budget that delivers efficiently on its priorities after 2020.

The global logistics and transportation solutions provider BDP International chooses Denmark. Decisive factors include Denmark being a growing logistics hotspot with close proximity and short lead-time to the rest of Scandinavia and Northern Europe.

The leading global logistics and transportation solutions company BDP International opens a new office in Copenhagen.

The vision is clear: Denmark has to remain a digital frontrunner. To achieve this, the Danish government allocates 134 million EUR to initiatives running until 2025 as a part of a new ‘Digital Growth Strategy’.

The European Commission has approved, under the EU Merger Regulation, the proposed creation of a company jointly controlled by Votorantim of Brazil and the Canada Pension Plan Investment Board of Canada. The newly created joint venture, VTRM Energia Participações, will operate wind farms in Brazil.

Today the Commission published new guidance to help national, regional and local public officials dealing with EU funds ensure efficient and transparent public procurement procedures for EU-funded projects. "Helping Member States organise sound tender procedures for EU investments is key to safeguard the EU budget from er

The European Commission has approved, under the EU Merger Regulation, a transaction under which Mapfre SA of Spain and Allianz Group of Germany, through its affiliate Euler Hermes Group SA of France, to enlarge the scope of the activities of their full-function joint venture Solunion Seguros, Compañía Internacional de Seguros y Reaseguros de Spain en bonding insurance in Spain and some Latin American countries. Solunion Seguros is currently active in the supply of insurance in Spain and some countries in Latin America. Inscredere insurance protects policy holders against the